Materials · Industrial Gases
Linde: revenue, profit and dividends
In fiscal 2025, Linde had revenue of $34B, up 12.2% a year on average since 2015, and net income of $6.9B (20.3% of revenue). Its dividend per share has gone up 18 years in a row, to $6.00. It has 63% more shares than in 2015.
Revenue, fiscal 2025
average annual revenue growth since 2015 · +3.0% vs 2024
- Ticker
- LIN · Nasdaq
- Sector
- Materials
- Sub-industry
- Industrial Gases
- Headquarters
- Guildford, United Kingdom
- Founded
- 1879
- In the S&P 500 since
- July 1, 1992
- Latest fiscal year
- 2025, ended December 31, 2025
- SEC filer
- Linde Plc · CIK 0001707925
Revenue and net income
Revenue went from $9.4B in 2007 to $34B in 2025.
Diluted earnings per share
Diluted EPS went from $3.62 in 2007 to $14.61 in 2025. Ten-year growth: 10.6% a year.
Dividends per share
Raised every year in the data: 18 years in a row, from 2008 to 2025. Ten-year growth: 7.7% a year.
Shares outstanding
63.4% more shares in 2025 than in 2015 (289M → 472M): new shares outweighed buybacks.
Operating cash flow, capex and free cash flow
Free cash flow (operating cash flow minus capital expenditure) was $5.09B in 2025, 15.0% of revenue.
The chart data could not be loaded. The table below has the same figures.
Year by year
| Fiscal year | Revenue | Net income | Net margin | Diluted EPS | Dividend | Shares | Operating cash flow | Capex | Free cash flow |
|---|---|---|---|---|---|---|---|---|---|
| 2025 | $34B | $6.9B | 20.3% | $14.61 | $6.00 | 472M | $10.3B | $5.26B | $5.09B |
| 2024 | $33B | $6.57B | 19.9% | $13.62 | $5.56 | 482M | $9.42B | $4.5B | $4.93B |
| 2023 | $32.9B | $6.2B | 18.9% | $12.59 | $5.10 | 492M | $9.3B | $3.79B | $5.52B |
| 2022 | $33.4B | $4.15B | 12.4% | $8.23 | $4.68 | 504M | $8.86B | $3.17B | $5.69B |
| 2021 | $30.8B | $3.83B | 12.4% | $7.33 | $4.24 | 522M | $9.72B | $3.09B | $6.64B |
| 2020 | $27.2B | $2.5B | 9.2% | $4.71 | $3.85 | 531M | $7.43B | $3.4B | $4.03B |
| 2019 | $28.2B | $2.29B | 8.1% | $4.19 | $3.50 | 545M | $6.12B | $3.68B | $2.44B |
| 2018 | $14.8B | $4.38B | 29.5% | $13.11 | $3.30 | 334M | $3.65B | $1.88B | $1.77B |
| 2017 | $11.4B | $1.25B | 11.0% | $4.32 | $3.15 | 289M | $3.04B | $1.31B | $1.73B |
| 2016 | $10.5B | $1.5B | 14.2% | $5.21 | $3.00 | 288M | $2.79B | $1.47B | $1.32B |
| 2015 | $10.8B | $1.55B | 14.4% | $5.35 | $2.86 | 289M | $2.69B | $1.54B | $1.15B |
| 2014 | $12.3B | $1.69B | 13.8% | $5.73 | $2.60 | 296M | $2.89B | $1.69B | $1.2B |
| 2013 | $11.9B | $1.75B | 14.7% | $5.87 | $2.40 | 299M | $2.92B | $2.02B | $897M |
| 2012 | $11.2B | $1.69B | 15.1% | $5.61 | $2.20 | 302M | $2.75B | $2.18B | $572M |
| 2011 | $11.3B | $1.67B | 14.9% | $5.45 | $2.00 | 307M | $2.46B | $1.8B | $658M |
| 2010 | $10.1B | $1.2B | 11.8% | $3.84 | $1.80 | 311M | $1.91B | $1.39B | $517M |
| 2009 | $8.96B | $1.25B | 14.0% | $4.01 | $1.60 | 312M | $2.17B | $1.35B | $816M |
| 2008 | $10.8B | $1.21B | 11.2% | $3.80 | $1.50 | 318M | $2.04B | $1.61B | $427M |
| 2007 | $9.4B | $1.18B | 12.5% | $3.62 | $1.20 | 325M | $1.96B | $1.38B | $582M |
Fiscal years, labelled by the year in which they end. US dollars; per-share figures and share counts adjusted for splits. —: not in the data.
About these figures
- Figures filed before October 30, 2017 come from Praxair Inc (CIK 0000884905), the earlier SEC registrant of the same business.
- Older years are as filed at the time and may predate later restatements, mergers or spin-offs. How the figures are made.
Other Industrial Gases companies
Source: SEC EDGAR (company filings), data as of November 8, 2026. Sectors, sub-industries, headquarters and index dates: Wikipedia, CC BY-SA 4.0.